BOS stock

[FireBad]

I already know the answer most guys here will say but does anyone think buying Beton Sports stock will make some money today, tommorrow, or the next day?

Regardless of the past they seem to be forging ahead of the rest.


No links, thank you.

[This message was edited by wilheim on July 16, 2004 at 12:03 AM.]

 

[THE SHRINK]

Fired Bad,

I wouldn't buy that stock with monopoly money...


THE SHRINK

 

[ChuckSims]

BOS stock or a pile of shit, take your pick.

 

[American]

I wouldn't recommend buying any stock, but especially BOS. It went public only to make the owners money. How can you have any idea where the money is going over there?

You have to realize that when you are buying ANY stock you are investing at retail prices. The big money has already been made by those who sold the stock initially to the buyers for the IPO. Corporate accountants can turn a negative cash flow into a profit, or a profit into a loss, depending on how it serves the officers of the business. It's almost impossible to tell what's going on inside these companies behind closed doors. I think stocks are big business scamming at it's finest.

Buy a house and rent it out. Build equity and get rich slowly and surely.

 

[WildBill]

American,

A few bad apples have got you out of the market eh? The situation isn't nearly that bad. There are about 10,000 companies that have to publicly report their numbers, maybe 20 have done things blatantly wrong. Add in another 500 that probably are pushing their luck with the numbers. That still leaves well over 90% that are following a myriad of difficult rules and giving people a fair look at their numbers. How is that a scam?

Rental housing on the other hand is an easy profession, for now. Any poor schlep that bought a house 5 years ago in most markets could say its a great business, but it won't always be this way. Further the people that do that highly underestimate the costs. If you do repairs or upgrades yourself, sure seems cheap, but what about your time? I have a friend that could easily do a second part-time job in the time he spends on his rental income "job" and when it comes down to it, he could make almost as much money on it. This is the fallacy of rental housing, if you have lots of time and enjoy the hassles and work then do it. But for most of us investing in stocks are a whole lot easier. Maybe the returns are less, but we don't have to do essentially a second job to get them.

 

[hanktee]

I would pass on it but for a reason not listed here.

In order for a stock to have potential it has to be one that mutual funds and the like can own.

This kind of stock on one they wouldn't be able to buy and put on a portfolio so that will keep the stock price down even if it should be higher.

 

[DavidMatthews]

I said it in another thread, but I think any investment money in BOS will go to parties, cars, and more for the top owners and management.

Off-topic... I can't ever see the Shrink's pic. I think that site is blocking it or something.

 

[American]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by WildBill:
American,

A few bad apples have got you out of the market eh?<HR></BLOCKQUOTE>

It's not that at all. I just don't see where your edge is in the stock market. In real estate your edge is leverage. I read a stat dealing with net worths. People who own real estate have an average net worth that is 43 TIMES the net worth of those who don't own real estate. That's a pretty strong message.

 

[royalfan]

How is that a strong message? That is one of the dumbest stats I have ever heard in my life. The only way to analyze this is to compare those who own real estate to those that have the financial ability to own real estate and choose not to. The day this approaches 43 times is the day I would consider buying some. Otherwise too many hassles when you can get nearly the same return elsewhere. You cannot include poverty stricken folks in inner city america in some stat like this. Sounds like some stat on an informercial or something.

 

[American]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by royalfan:
Otherwise too many hassles when you can get nearly the same return elsewhere.<HR></BLOCKQUOTE>

Where can you get "nearly the same return"?

The 43 times stat shows that owning real estate is one of the keys to rising above being "poverty stricken." Wealthy people have either made money from real estate or store their wealth in real estate.

What hassles are you talking about, btw?

 

[Revere14]

Rolls Royce's are a good investment. People who own Rolls Royce's have an average net worth 200 times the net worth of those who don't own Rolls Royce's.

Do you see the fallacy now?

Revere14

 

[American]

I guess you guys are right, then. Real estate IS a bad investment and not worth the hassle. Does anybody know of any good penny stocks?

 

[WildBill]

Real estate should not be thought of as an investment for the vast majority of people American. It is a home and a store of wealth, but people do dumb things thinking houses are investments when first and foremost they are places to live. I never said it is a bad investment, its value is just so overstated right now. I have read and heard such incredibly reckless statements from some people these days about it. Not necessarily from you, but from others that have the same attitude. They think no one wins in the market, but lo and behold in the midst of the hottest real estate boom ever here are houses that will make them millionaires. It just doesn't work that way and I am very afraid a lot of people aren't doing wise things as a result. Most of the arguments for things such as "buying as big a house as you can afford" are just covers for the fact that most people suck ass at saving money. If you live in a cheaper house and save the difference you would have paid for the bigger house, then you will do just fine without owning the house in many cases. The idea of "forced savings" ought to make it obvious, do you like doing things "forced"?

 

[SkyMasterson+]

I am confused why cannot a mutual fund own BoS?

 

[gambler1]

Fire, i'll make it easy for you take that money you want to lose with Bullsh@t Sports and put it on 1 football game at least this way you got a 50% chance of winning. These scammers will steal from their own mothers.

 

[TheGeneral+]

Not even worth a thought.

 

[FireBad]

Thanks for the input guys. Someone "Brits" must belive in them i guess, but i'll sit this one out for the moment.

 

[gamblman]

Realstate can be a great investment. My friend is a realstate agent and finds all the best power of sales for us ( us being a group of my friends). We then purchase the property and renovate it. We can then sell it for much more than we paid for it. An example, we purchased a house with 67 acres. We then cleared some of the land and renovated the house. With our labour and materials it cost us 250,000. We sold the house two weeks ago for 395,00. Not all work out that well but most are very profitable. Would be better without that capital gains crap though!